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Nastasia [14]
3 years ago
12

Steinway produces concert grand pianos, often using the custom materials and designs desired by a specific customer. The average

price of these pianos runs about $50,000 depending on the exact piano. What type of pricing does Steinway most likely use for these pianos?
Business
1 answer:
vovangra [49]3 years ago
6 0

Answer:

Cost-Plus

Explanation:

Cost plus pricing is a system of determining the selling price of an item by adding a determined amount called mark-up to the total cost of producing the item.Its purpose is to ensure that cost are fully recovered and profit are also made.

In a less competitive environment like Steinway's own , where pianos are being produced to the specification of waiting customers , this  gives a good opportunity for cost plus marketing as threats from competitors are minimal or even nil.

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The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 1
Firdavs [7]

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

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7 0
3 years ago
After a tax is imposed on the market for bottled water, the price buyers pay is $2.50 per bottle and the price sellers receive i
ddd [48]

Answer:

It can be concluded about the elasticity of demand and supply prices that supply is more elastic than demand

Explanation:

Price in the market is determined by demand and supply, it is measured in terms of the  variables quantity and  variables price. When a tax is placed on a product, it generate a change  in the market equilibrium, this is because buyers pay more and sellers receive less.

Therefore, a tax causes the supply curve to move up and the demand curve to move down.

To know the distribution of tax, the incidence is measured through the elasticity of the supply and demand curve, which measures the sensitivity of the quantity, demanded  of products before a price change.

If the supply curve is more elastic than the demand curve, this is because when the price  paid by consumers increase more than the price the sellers receive decreases, the impact of the tax is stronger for consumers.

The total tax on a unit of bottled water =

$2.50 - $2 = $0.50  

$2 - $1.75 = $0.25

$0.15 + $0.25= $0.75

6 0
3 years ago
Read 2 more answers
Goose Corporation has a basis of $3,340,000 in the stock of Swift Corporation, a wholly owned subsidiary acquired 30 years ago.
pentagon [3]

Answer:

A. No gain or loss

B. Carryover; $2,338,000

Explanation:

A. Based on the information given the Corporation’s RECOGNIZED NO GAIN OR LOSS on the liquidation reason been that under SECTION 332 GOOSE'S BASIS IN THE SWIFT STOCK OF THE AMOUNT OF $3,340,000 IS REDUCED TO ZERO AMOUNT.

B. Based on the information given the Corporation’s BASIS IN THE ASSETS RECEIVED IN LIQUIDATION will be CARRYOVER BASIS of the amount of $2,338,000.

5 0
3 years ago
BrewCo sells coffeemakers for $120 each. The firm currently has variable costs per unit of $65. If BrewCo is able to reduce its
PolarNik [594]

Answer:

C. increase by about 6 percent.

Explanation:

Since,

\text{Contribution margin ratio}=\frac{\text{Sales-Variable expenses}}{\text{Sales}}

Sales = $ 120,

Original expenses = $ 65

Thus, contribution margin ratio = \frac{120-65}{120}=\frac{55}{120}=0.4583\approx 0.46

New expenses = $ 58,

Thus, contribution margin ratio = \frac{120-58}{120} = \frac{62}{120}=0.5166\approx 0.52

∵ 52 - 46 = 6,

Hence, the CMR is increased by 6%.

OPTION C is correct.

5 0
3 years ago
Please tell whether inventory is beneficial or not for businesses with a large number of customers? Why?
enot [183]

Answer:

I don't know how it is possible

3 0
3 years ago
Read 2 more answers
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